Thu, Aug 15, 2013 - Page 13 News List

Eslite Spectrum expands services with new outlet

By Amy Su  /  Staff reporter

Eslite Spectrum Corp (誠品生活), a member of the Eslite Group (誠品集團), expects revenue to continue growing in the second half of the year, following the launch of its new outlet in Taipei’s Songshan Cultural and Creative Park (松山文創園區).

The new outlet, located close to the Sun Yat-sen Memorial Hall (台北國父紀念館), starts operations today.

In addition to a department store and restaurants, the four-story outlet includes a movie theater — the first for Eslite Spectrum, which said it would screen independent films and documentaries.

The new outlet also houses a performance hall, which the company hopes would be a venue for local artists, making it a base for the nation’s cultural and creative industry.

“Located between Taipei’s Xinyi District (信義) and the East District, the outlet should attract strong customer flow and help maintain the company’s sales growth pace in the second half of the year,” company president Mercy Wu (吳旻潔) told a media briefing yesterday.

The company is also set to launch its first boutique hotel, with 104 rooms, on the upper floors of the department store. The hotel will start operating by the end of the year, officials said.

Eslite Spectrum posted NT$145.93 million (US$4.86 million), or NT$3.28 per share, in net profit, for the first six months of the year, up about 49 percent from a year earlier, when it recorded a net income of NT$97.54 million, or NT$2.38 per share, company data showed.

Net profit last quarter reached NT$62.85 million, or NT$1.39 per share, compared with NT$28.99 million or NT$0.63 per share during the same period last year.

Consolidated sales in the first seven months of the year totaled NT$1.89 billion, up 11.77 percent from a year earlier, the company said in a filing to the Taiwan Stock Exchange.

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